Weekend Wrap: From Indian Overseas Bank to Adani Power, top news and market movers this week: 18 August 2023

Updated: 19 Aug 2023, 11:38 AM IST
TL;DR.

From top news makers to market performance, here's the market wrap for the week ended 18 August 2023.

Market wrap for the week ended 18 August 2023

Top News

  • SEBI, in acircular, lowered the exit option timeframe offered to unit holders in the event of a change in control of AMC from 30 to 15 days.
  • As per the data released by Central Board of Direct Taxes, India’s direct tax collections surged by 15.73% to 6.53 lakh crore as of Aug 10, 2023.
  • According to data released on Monday, wholesale inflation in India fell 1.36 percent year on year in July after falling 4.12 percent in June.
  • Shares of Concord Biotech got listed at a premium of 21.5% over issue price of 741 while the shares ofSBFC Finance got listed at a premium of 44% over issue price of 57.
  • NJ MF, Union MF, Bandhan MF and Shriram MF have launched the NFOs forNJ Flexi Cap Growth Fund,Union Innovation Opp Growth Fund, Bandhan Nifty IT Index Fund andShriram Multi Asset Allocation Growth Fund.

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Analysis between banking majors HDFC Bank and State Bank of India (SBI), which stock has better opportunities in the long term.
First Published: 19 Aug 2023, 11:38 AM IST